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Thread: Monday news

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    Default Monday news

    Sorry, already cleaned out all my weekend stuff ASX200 finished down 3and a bit % after going as low as -4.5% (http://finance.google.com/finance?q=INDEXASX:.AXJO)

    Two weeks after AIG received an $85 billion gov't loan, execs for its
    subsidiary party in style at 5-star resort
    http://www.opednews.com/articles/AIG...81003-392.html

    LONDON (MarketWatch) -- Germany became the latest and by far the
    biggest European country on Sunday to explicitly guarantee the
    deposits in banks held by their citizens.
    http://www.marketwatch.com/News/Story/Story.aspx?guid={F3E91BFE-EF8B-47B2-BCE3-3B9FB167F9F0}

    Fears are mounting that many Wall Street banks and financial firms
    will refuse to participate in the US government's $700bn bail-out
    package, leaving global markets and world economies in a perilous
    state for months to come.
    http://www.guardian.co.uk/business/2...street.bailout

    Just days after US President George Bush signed into law a
    far-reaching $700-billion bill to bail out the tottering US financial
    industry, the Tel Aviv Stock Exchange remained shaky, registering
    sharp losses on Sunday.
    TA stocks plunge as cabinet discuss financial crisis
    By noon, the TA-25 Index had already dropped 6.33 percent and the
    TA-100 Index fell by 7.08%.
    http://www.jpost.com/servlet/Satelli...=1222017460012

    HONG KONG (MarketWatch) -- Given the great theater in Washington with
    the U.S. banking bailout, there had been little time for naval gazing
    in Hong Kong. But not anymore: The city-state so dependent on finance
    and property is waking up to the fact that a global banking crunch
    clearly spells trouble.
    http://www.marketwatch.com/news/stor...%7D&siteid=rss

    The German government and the country's banks and insurers agreed on a 50 billion euro ($68 billion) rescue package for commercial property lender Hypo Real Estate Holding AG after an earlier bailout faltered.
    http://www.nakedcapitalism.com/2008/...on-rescue.html

    Nikkei falls to 4-yr lows, economy worry hits hard
    http://www.reuters.com/article/marke...081006?sp=true

    HONG KONG (MarketWatch) -- China's securities regulator said it would soon launch a trial program to enable securities firms to short-sell stocks and engage in margin lending, steps seen as necessary to foster a more sophisticated market, reports from the region said Sunday.
    http://www.marketwatch.com/news/stor...%7D&siteid=rss

    LONDON (MarketWatch) -- London's FTSE 100 index fell more than 250 points on Monday morning, with banks dropping sharply as efforts to shore up the financial system in the U.S. weren't matched by similar moves in Europe.
    http://www.marketwatch.com/news/stor...%7D&siteid=rss
    Last edited by person; 10-06-2008 at 03:07 AM.
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    Default Re: Monday news

    meanwhile ...

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    Default Re: Monday news

    Oh great - and I was so hoping for a quiet start to the week so I could get some work done besides trading. Asian markets were down but not "OMGSELLSELLSELL" down... possibly a lot of the writeoffs have been priced in. Europe's another story. Let's see where we stand tomorrow morning after the US has a go.
    Once again, the conservative, sandwich-heavy portfolio pays off for the hungry investor
    - Dr John Zoidberg

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    Default Re: Monday news

    dow under 10k and may close under 9500, along with S&P flirting with sub-1k status.

    what a monday...

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    Default Re: Monday news

    The Dow bounced back up just a touch, closing at far better than I expected. Hopefully tomorrow will be better.

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    Default Re: Monday news

    Wow - we started down a titch but rallied the whole day, with everything jumping through the roof after a massive interest rate cut. I didn't see that one coming
    Once again, the conservative, sandwich-heavy portfolio pays off for the hungry investor
    - Dr John Zoidberg

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